Newham Area Guide

The legacy of the 2012 Olympic Games remains in this North East London Borough of Newham, which was historically an industrial and manufacturing hub, running along the River Thames

The legacy of the 2012 Olympic Games remains in this North East London Borough of Newham, which was historically an industrial and manufacturing hub, running along the River Thames. Home to the Olympic Park, complete with the London Stadium, Newham enjoyed an abundance of investment and employment opportunities which came with the Games, and this transformed Newham into the hotspot for tourism and new business that it is today.

Property market

£384k Average house price
£1,625 Average Rent, 2 Bed
5% Average yield
7% Price growth over last 5 years
20% Price growth 5-years forecast
14% Rental growth over last 5 years
15% Rental growth 5-years forecast

Lifestyle

21 Number of ‘Outstanding’ primary schools
8 Number of ‘Outstanding’ secondary schools
340 Restaurants and cafes
1,670 Number of shops
30% Proportion of open space
29 Number of stations
3 PTAL (Public Transport Accessibility Level)

The predominantly young residents of Newham are also spoilt for choice when it comes to sporting facilities. Specialist, world-class venues include the London Aquatics Centre, London Olympic Stadium, and Queen Elizabeth Park. Newham also boasts Europe’s largest shopping centre, Westfield Stratford City Shopping Centre, with over 350 shops and restaurants and London’s biggest casino. Just five miles east of the City, Newham is extremely well connected with the Hammersmith & City, District and Jubilee underground lines as well as the DLR transporting visitors and commuters alike from across London.

 

Insights

 

  • House prices are 26% lower than the London average
  • Average rent for a 2-bed flat is 9% lower than the London average
  • House price growth over the last 5 years was 7%, lower than London at 10%. However, over the next 5 years, house price growth is expected to be 20%, higher than London at 19%
  • Average asking rents grew 14% over the last 5 years, in line with the figure for London
  • Over the next 5 years average rents are predicted to grow by 15%, higher than London at 14%
  • 32% of the borough's primary schools are rated as outstanding by Ofsted, higher than the London figure of 27%

  • 40% of the borough's secondary schools are rated as outstanding by Ofsted, higher than the London figure of 36%

  • 119 shops per square mile, higher than the figure for London of 73.48

Royal Docks used to be the central hub for trade as the world's largest shipping docks.

Newham is a fusion of everything London stands for: diversity, culture and fun. There are many excellent walkways on the Lea Canal and great green spaces. There are incredible regeneration projects underway too such as The Asian Business Port and Stratford’s new East Bank. To top it off we have great travel connections - I can get to Bond Street in 24 minutes from Canning Town!

London boroughs

Use the map below to find out what the other boroughs in London have to offer:

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Disclaimers

 

  • Average 2-bed yield is calculated by REalyse using median 2-bed asking rent and median 2-bed sales prices.  
  • Rental growth over the last five years is for all property (not 2-beds).
  • All data is the latest available as of January 2022.
  • PTAL – Transport for London's (TFL) Public Transport Accessibility Levels (PTALs) are a detailed and accurate measure of the accessibility of a point to the public transport network, taking into account walk access time and service availability. Each area is graded between 0 and 6b, where a score of 0 is very poor access to public transport, and 6b is excellent access to public transport.

 

Sources

 

  • Average Price – ONS, October 2021
  • Asking rent – Realyse, December 2021
  • Yield – Realyse, December 2021
  • House price and rental forecasts – CBRE Research
  • Outstanding primary and secondary schools – OFSTED (December 2021)
  • Number of cafes and restaurants – ONS (2020)
  • Number of shops – ONS (2021)
  • Open space – GiGL (2015)
  • Number of stations – TfL (2015)
  • PTAL – TfL (2015)